Hinterland Hack brings new ideas for the AI Marketplace

Seven companies, over 60 participants, 48 hours of hacking and 5,000 euros for the winning team – that’s the Hinterland Hack 2021 in a nutshell. At the Founders Foundation event, a team from the AI Marketplace was on site as challenge owners and was presented with innovative solution ideas that are now being further developed.

You may ask: What is a hackathon anyway? This word creation from “hack” and “marathon” describes an event during which industry challenges are solved collaboratively and competitively. And that’s exactly what over 60 dedicated, creative and ambitious hackers did during the Hinterland Hack from 18 to 19 September.

AI challenge for the AI Marketplace

The task was to solve seven real challenges from companies in the region. One of the challenge givers was the AI Marketplace. The task: The hackers were to develop a virtual assistant (for example, a chatbot) that supports users of the platform in their search for suitable apps, components and services on the AI marketplace. This should improve the functionality of the platform and the user experience.

Great ideas were generated in just 48 hours. Ruslan Bernijazov, Technical Project Manager in the AI Marketplace, was enthusiastic: “The team’s approaches have shown us new ways of providing information to customers that we didn’t have on our radar. Their innovative ideas offer high potential for customer engagement.”

Software-as-a-Service for AI providers

A software-as-a-service solution was convincing: with the help of a 3D visualisation tool, AI solutions and their added values are presented directly in a virtual production environment. The advantages are obvious: AI users can see the benefits of individual AI solutions virtually live and in relation to the application. The search for the right AI solution is simplified and thus shortened for companies. Providers, on the other hand, can present the advantages of their offers clearly and practically, increase their conversion rates and thus save on marketing and sales costs.

The team around Raja Sekhar Thota, Machine Learning Intern at the HRS Group and Master’s student at the FOM University, did not win the hackathon, but he is nevertheless certain: “With our solution, companies can certainly find the needle in the haystack – an AI solution that meets their needs. We are now excited to develop our idea further and also work closely with the AI marketplace in the process.”

In the AI Marketplace, a platform of the same name is being created where providers, users and experts can develop and exchange solutions for AI. The vision is a marketplace that offers intelligent matching as well as a protected space for secure data exchange and data sovereignty. In addition, there will be an app store for AI solutions and a range of comprehensive AI solutions thanks to a modular principle. With formats like the hackathon, the project wants to draw attention to the platform on the one hand, but also receive valuable input for the development of the platform on the other.

If you would like to see direct impressions of the hackathon weekend, feel free to take a look at the Hinterland of Things YouTube channel. All information about the hackathon is also available on the website.

You may also be interested in

We Are Among the TOP 24 at OUT OF THE BOX.NRW – Your Vote Counts!

We are thrilled to announce that AI Marketplace has been selected as one of the Top 24 startups for OUT OF THE BOX.NRW 2024. This selection was made by a …

Success at the prostep ivip Symposium 2024

We are proud to have won the coveted Start-up Pitch Award at the prostep ivip Symposium in Munich! Our performance in the Pitch Area allowed us to present our marketplace …

Zwei junge Kollegen betrachten eine digitale Modelldarstellung

Using Chat with Product Data? The Future of PLM and Artificial Intelligence

What is AI and how does it change the way engineers work? In a hands-on webinar, we join experts from the Fraunhofer Institute for Mechatronics Design IEM and Aras to shed light on the exciting world of artificial intelligence (AI) in conjunction with product lifecycle management (PLM).

Sustainability and engineering – how do they go together?

In the AI Marketplace, we are showing levers for more sustainable engineering with a new campaign.

Trends and Standards for AI – AI Day shows how it’s done

By 2025, 13 percent of Germany’s gross domestic product will be generated with services and products based on the use of artificial intelligence (AI). This means that AI has enormous potential for economic growth and increased productivity in product development. How AI can enrich engineering was the topic at the AI Day of the AI Marketplace.

The role of marketplaces in data economy: Helping to share

We cannot be experts in everything – this is especially true in the new and rapidly changing world of data sharing and data sovereignty. A service provider makes infrastructure available and acts as an intermediary between data provider and data space. On the AI Marketplace, we are exploring the potential business of the different support options with the support of our partner International Data Spaces Association.

Blick auf Hallengelände der SmartFactoryOWL mit Demonstratoren

AI from first idea to operation and service – East Westphalia-Lippe region has it all

Artificial intelligence has long been more than a trend and is increasingly being used in entrepreneurial practice – also in the East Westphalia-Lippe region, Germany. Here, the two initiatives AI …

Data Governance – Get Control of Your Data

The Data Governance Check of the AI Marketplace provides a straightforward introduction to data management and helps your company assess its current state in this regard.

Review Hannover Messe: great feedback for the AI Marketplace

The industry of the future was showcased by 24 companies and research institutions at the OWL joint booth at the Hannover Messe. Also represented was the AI Marketplace.

Frau mit Laptop sitzt neben Roboter und Hologrammen

Excuse me, are you ready for AI yet?

The AI Readiness Check offers companies an uncomplicated assessment of their own AI maturity level as well as initial recommendations for action.

AI in product creation – what does current research say?

Where is artificial intelligence used in product creation and where is it suitable to work with data-centric methods? By analyzing 40 existing studies and 94 case studies on the topic …

FIWARE Whitepaper: AI Marketplace as a showcase for Digital Transformation

A white paper of our partner FIWARE Foundation focusses on the role played by artificial intelligence (AI) in shaping the future experience of Smart Cities. It also showcases projects such as the AI Marketplace and how they are introducing the relevant framework for the creation of data spaces.